𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Professor M. J. Sirks retires from the University of Groningen

✍ Scribed by C. L. Rümke


Publisher
Springer Netherlands
Year
1963
Tongue
English
Weight
596 KB
Volume
33
Category
Article
ISSN
0016-6707

No coin nor oath required. For personal study only.


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## Abstracts and Reviews and also for the boundaries of the no-transactions region. The economy consists of a single risky asset and a riskless asset. Transactions in the risky asset incur proportional transaction costs. The investor has a power utility function and is assumed to maximize expected